Update shared on 07 Nov 2025
Analysts have slightly adjusted their price target for Provident Financial Services, maintaining it at $22.63. Updated estimates indicate a modest decrease in projected revenue growth and profit margins. There is also a minor reduction in the discount rate and a slight rise in the expected future P/E ratio.
What's in the News
- Provident Financial Services completed the repurchase of 3,065,903 shares totaling $69.23 million under a buyback plan announced in January 2021 (Key Developments).
- Between July 1, 2025 and September 30, 2025, the company repurchased 1,335 shares for $0.02 million as part of its ongoing buyback efforts (Key Developments).
- Net loan charge-offs for the third quarter ended September 30, 2025 were reported at $5.4 million, down from $6.8 million in the same quarter last year (Key Developments).
Valuation Changes
- Fair Value: Remained unchanged at $22.63 per share.
- Discount Rate: Declined slightly from 7.89% to 7.82%.
- Revenue Growth: Decreased from 8.80% to 7.68%.
- Net Profit Margin: Dropped from 38.69% to 35.11%.
- Future P/E increased from 9.07x to 10.13x.
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